Looking to discover the cheapest places to live in the UK? Property experts Zoopla have recently released their 2024 housing market report, shedding light on the most affordable locations across the country. As the cost of living continues to rise, this report provides valuable insights into where you can find the best value for money when it comes to housing.
The report highlights how inflation and rising interest rates are impacting property prices across the UK, but also identifies cities and towns where living costs remain surprisingly low.
According to the Zoopla report, some areas have seen only modest increases in housing costs, offering hope for buyers and renters seeking budget-friendly alternatives. While housing prices have risen by an average of 6.5% across the UK, there are still affordable pockets where monthly expenses remain well below the national average. For those looking to make their money stretch further, these locations present the perfect opportunity.
Top Affordable Cities and Towns in the UK
With rising living costs and skyrocketing property prices across the UK, finding an affordable place to call home can seem like a daunting challenge. However, 2024 brings hope, with new data from the Zoopla report highlighting several UK cities and towns that offer a much lower cost of living without compromising on lifestyle or amenities. Whether you're a first-time buyer, a renter looking for cheaper alternatives, or simply exploring new places to live, this guide will take you through the top 10 cheapest places to live in the UK. From coastal towns to vibrant cities, these locations promise affordability alongside thriving communities and unique opportunities.
The Top 10 Cheapest Places to Rent in the UK
The ongoing demand for rental properties in the UK’s major cities has led to significant increases in average rental prices, especially in key urban areas. London remains the most expensive city to rent, with average rents reaching over £2,100 per month. This reflects the high demand for housing in the capital, driven by its status as a global business and cultural hub. Other cities such as Cambridge and Brighton, which offer proximity to London and high living standards, also command high rental prices, with averages above £1,300 and £1,600, respectively.
Table: Top 10 Cheapest Places to Rent in the UK (2024)
| Rank | City | Avg. 1 Bed Rental in City Centre (PCM) |
|---|---|---|
| 1 | Sunderland | £480 |
| 2 | Hull | £500 |
| 3 | Middlesbrough | £500 |
| 4 | Blackpool | £460 |
| 5 | Stoke-on-Trent | £550 |
| 6 | Bradford | £520 |
| 7 | Doncaster | £530 |
| 8 | Dundee | £510 |
| 9 | Aberdeen | £520 |
| 10 | Newport | £540 |
Data sourced from Zoopla, 2024 Housing Market Report
This table provides a snapshot of the most affordable cities in the UK based on average rent prices for a one-bedroom apartment in the city center.
*Data sourced from Zoopla,As these cities maintain steady demand for housing, rental prices are expected to remain stable, offering excellent value for money compared to the rest of the UK.
Hull
Average Rent: £500 per month
Average House Price: £120,000
Hull, officially known as Kingston upon Hull, consistently ranks as one of the most affordable cities to live in the UK. The Zoopla report shows that Hull offers some of the lowest average rents and house prices in the country, making it an attractive option for individuals and families alike. With a rich maritime history, a lively arts scene, and an expanding renewable energy sector, Hull is a city that balances affordability with opportunity.
Stoke-on-Trent
Average Rent: £550 per month
Average House Price: £130,000
Known as the Potteries, Stoke-on-Trent offers affordable living costs paired with a rich cultural heritage. The city's strong ties to the ceramics industry are celebrated in local museums and cultural events. The average rent here remains significantly lower than in many other UK cities, making it a budget-friendly choice for renters. Stoke's strategic location with excellent transport links to cities like Manchester and Birmingham also makes it a convenient and affordable option for commuters.
Sunderland
Average Rent: £480 per month
Average House Price: £110,000
Sunderland, with its stunning coastline and affordable living costs, is a great place for those who love the seaside lifestyle without the hefty price tag. The city's average house price of £110,000 is among the lowest in the UK, according to the 2024 Zoopla report. Sunderland's ongoing regeneration projects have enhanced its appeal, making it a dynamic place to live with plenty of leisure and employment opportunities.
Bradford
Average Rent: £520 per month
Average House Price: £125,000
Bradford, located in West Yorkshire, offers one of the most affordable housing markets in the UK. The city's rich industrial history, diverse cultural landscape, and strong community spirit make it a unique place to live. With its proximity to Leeds and Manchester, Bradford is an ideal location for those looking to benefit from city life without the high costs associated with bigger urban areas.
Blackpool
Average Rent: £460 per month
Average House Price: £115,000
Blackpool, a town famous for its seaside resorts and attractions, also stands out for its affordable living. The town's economy, largely driven by tourism, offers various job opportunities, especially in the service sector. According to Zoopla's findings, Blackpool's cost of living is significantly lower than the national average, making it a great place for those seeking a lively yet affordable coastal lifestyle.
Doncaster
Average Rent: £530 per month
Average House Price: £120,000
Doncaster is an historic market town that provides affordable housing options and a high quality of life. Its average rent and house prices are well below the national average, making it an attractive choice for both buyers and renters. Doncaster's excellent transport links and recent regeneration projects, including new shopping centers and leisure facilities, have made it a popular choice for those looking to relocate.
Dundee
Average Rent: £510 per month
Average House Price: £115,000
Dundee, often referred to as the 'City of Discovery,' offers a mix of affordability, innovation, and cultural richness. Home to a thriving tech scene and several higher education institutions, Dundee attracts young professionals and students alike. The city's low average rent and house prices, as highlighted in the Zoopla report, make it an appealing option for those looking to enjoy city living at a fraction of the cost.
Middlesbrough
Average Rent: £500 per month
Average House Price: £110,000
Middlesbrough continues to offer some of the cheapest housing options in the UK, with an average house price of £110,000. The town has been investing heavily in regeneration projects, enhancing its appeal to both residents and investors. Middlesbrough's strong sense of community, excellent educational institutions, and proximity to the North York Moors make it an attractive and affordable place to live.
Aberdeen
Average Rent: £520 per month
Average House Price: £125,000
Aberdeen, known for its robust economy and beautiful granite architecture, remains surprisingly affordable. Despite being a major city, Aberdeen's cost of living is lower than many might expect, with average rent and house prices remaining well below those in other major UK cities. The city's vibrant cultural scene, excellent educational institutions, and picturesque surroundings make it a desirable yet affordable place to live.
Newport
Average Rent: £540 per month
Average House Price: £130,000
Newport, located in South Wales, offers a balance between urban living and affordability. With average rents around £540 per month, Newport provides a cost-effective alternative to living in Cardiff, just a short commute away. The city's recent regeneration efforts have revitalized its center, providing new shopping, dining, and cultural experiences for residents. Newport's affordable housing market and strong community spirit make it an excellent choice for families and professionals alike.
If you're looking for somewhere to live in or near London, explore our apartments to rent.
Conclusion
The 2024 Zoopla report clearly shows that affordable living is still possible in the UK if you know where to look. From the historic streets of Doncaster to the coastal charm of Sunderland, these cities and towns offer great options for anyone looking to live well on a budget.
At Essential Living, we are dedicated to helping you find the perfect place to call home. If you're considering moving to one of these affordable locations, contact us today to learn more about available properties and start your journey to affordable living!
Frequently Asked Questions (FAQ)
1.What is the cheapest place to live in the UK in 2024?
According to the 2024 Zoopla report, Hull ranks as one of the cheapest places to live in the UK, with an average rent of £500 per month and average house prices around £120,000. Other affordable cities include Sunderland, Stoke-on-Trent, and Bradford.
2. Which UK city has the lowest average house prices?
In 2024, Sunderland boasts some of the lowest average house prices at around £110,000, followed closely by Middlesbrough and Blackpool. These cities are attractive to first-time buyers and those looking for affordable homes without compromising on lifestyle.
3. What are the cheapest cities for renters in the UK in 2024?
Sunderland, Hull, and Blackpool are among the cheapest cities for renters in the UK, with average rents ranging between £460 and £500 per month. These cities offer great value for money, especially compared to larger metropolitan areas.
4. Is it cheaper to live in the north or south of the UK?
Generally, living in the north of the UK is more affordable than in the south. Cities like Hull, Sunderland, and Stoke-on-Trent offer significantly lower housing and rental costs compared to southern cities such as London and Oxford. According to the Zoopla report, northern regions continue to be budget-friendly options for both renters and buyers.
5. Which cities in Scotland are affordable to live in?
Dundee and Aberdeen are two of the most affordable cities in Scotland in 2024. Dundee offers an average rent of £510 per month, while Aberdeen averages around £520 per month. Both cities combine affordable housing with vibrant cultural scenes and excellent job opportunities.
6. Are coastal cities in the UK affordable?
Yes, certain coastal cities like Blackpool and Sunderland offer affordable living. Blackpool, with its average rent of £460 per month and house prices around £115,000, is one of the most affordable seaside towns in the UK. These locations provide the added benefit of coastal living without the premium price tags found in places like Brighton or Bournemouth.
7. What are the benefits of living in one of the cheapest places in the UK?
Living in an affordable city or town in the UK means you can enjoy a lower cost of living, leaving more room in your budget for savings, travel, or leisure activities. Many of these cities, like Hull and Stoke-on-Trent, also offer a high quality of life with cultural attractions, job opportunities, and excellent transport links to major cities.
8. Where should first-time buyers look for affordable homes in the UK?
First-time buyers should consider cities like Sunderland, Hull, and Middlesbrough, where house prices are well below the national average. These cities provide an opportunity to enter the property market at a more affordable level while still offering great amenities and opportunities for work and leisure.
9. Is now a good time to buy a home in one of these affordable UK cities?
Yes, according to the latest Zoopla report, 2024 is a good time to buy in cities like Hull, Sunderland, and Bradford, where housing prices remain low. With ongoing regeneration projects and growing economies in these areas, buyers may see long-term value appreciation.
10. How do these affordable cities compare to larger UK cities like London?
Unlike London, where average monthly rents can surpass £2,000 and house prices frequently climb over £500,000, cities such as Hull, Stoke-on-Trent, and Sunderland provide significantly cheaper choices for both renting and purchasing.
